• At the 2023 Caixin Summer Summit, Hong Kong Financial Secretary Chen Maobo stated the city’s intention to push an appropriate regulatory framework.
• Chen Maobo is sure blockchain will “definitely continue to develop in the future”.
• Hong Kong’s true potential will be unlocked when China lifts its crypto ban, enabling its citizens to trade digital assets through the region.

During the 2023 Caixin Summer Summit on June 9, Chen Maobo, the Financial Secretary of the Hong Kong Special Administrative Region Government, announced Hong Kong’s intention to implement an appropriate regulatory framework that supports the responsible growth of web3 and virtual assets in the region.

The Hong Kong financial secretary noted that blockchain could build open, safe, low-cost platforms. Chen Maobo added that although some virtual asset service providers operate irregularly, blockchain will develop in the future regardless.

Chen Maobo stated: The basic technology of web 3.0 is blockchain. Whether you like it or not, blockchain will definitely continue to develop in the future.

Under the theme “Sailing Into a New Phase of Opening,” the 2023 Caixin Summer Summit brough…

The post Hong Kong Planning New Regulatory Framework for Web3, Virtual Assets appeared first on Coin Edition.

• At the 2023 Caixin Summer Summit, Hong Kong Financial Secretary Chen Maobo stated the city’s intention to push an appropriate regulatory framework.
• Chen Maobo is sure blockchain will “definitely continue to develop in the future”.
• Hong Kong’s true potential will be unlocked when China lifts its crypto ban, enabling its citizens to trade digital assets through the region.

During the 2023 Caixin Summer Summit on June 9, Chen Maobo, the Financial Secretary of the Hong Kong Special Administrative Region Government, announced Hong Kong’s intention to implement an appropriate regulatory framework that supports the responsible growth of web3 and virtual assets in the region.

The Hong Kong financial secretary noted that blockchain could build open, safe, low-cost platforms. Chen Maobo added that although some virtual asset service providers operate irregularly, blockchain will develop in the future regardless.

Chen Maobo stated: The basic technology of web 3.0 is blockchain. Whether you like it or not, blockchain will definitely continue to develop in the future.

Under the theme “Sailing Into a New Phase of Opening,” the 2023 Caixin Summer Summit brough…

The post Hong Kong Planning New Regulatory Framework for Web3, Virtual Assets appeared first on Coin Edition.